Kenya's Chase Bank Sold to Mauritian Firm

SBM Holdings, a Mauritian financial services company, has had its bid for Chase Bank accepted by the Central Bank of Kenya. Chase Bank was placed under receivership by the central bank on April 7, 2016, following allegations of mismanagement. This is SBM's second bank acquisition in East Africa.

 

Chase Bank, Kenya

InFocus

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.